This Stock Is Available With A Solid Dividend Of 1500%

Seldom do you see companies declaring a hefty dividend like that declared by Hinduja Global. The company has declared a dividend of Rs 150 per share.

Till when is the dividend on Hinduja Global shares available?

For that you have to track the ex-date on the stock exchanges, which is Jan 17, 2022. This means to receive the dividend you must buy the shares before Jan 16, 2022. Interestingly, the company has also declared a bonus of 1:1, which is a bonanza of sorts for shareholders.

The company recently completed the sale of its healthcare services business to wholly-owned subsidiaries of Betaine BV ('Buyer'), funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction was based on an enterprise value of US$ 1,200 million, subject to closing adjustments, and resulted in inflows of US$ 1,088 million.

As part of the divestment, HGS has transferred all client contracts and assets, including infrastructure related to the healthcare services business, to the Buyer. Over 29,000 employees from HGS across four geographies - the US, India, Jamaica, and the Philippines - will join the new organization, effective January 6, 2022.

As part of the Transition Services Agreement, the new healthcare organization will operate under the name "HGS Healthcare" for a period of up to 12 months from closing.

The stock of Hinduja Global was last trading at Rs 3063 on the Bombay Stock Exchange.

Disclaimer:

Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Investing in equities is risky. The author and his family do now own any shares mentioned above.